Margin Trading: The New Tighter Rule by SEBI (Dec 2020

What is the Stand-Up India Scheme? All Your Burning Questions Answered Here

Stand-up India Scheme
Looking for an MSME Loan designed for women and SC/ST entrepreneurs for setting up a Greenfield Enterprise in India?
You have landed at the right place. This page contains all the information you will need on Stand-up India Loan Scheme.
Setting up a new business can be challenging in many ways. But getting funds for a business that has not been established or even started is the biggest one of them all. Keeping this in mind, the Indian Govt. has created a few programmes for different groups of people to help them get financial assistance in setting up a new business. Stand-up India, Mudra loan and Start-up India scheme are three of the most successful initiatives in this direction.
On this page, we are going to focus on the Stand-up India scheme.
What is the Stand-Up India Scheme?
Stand-up India is an initiative of the Indian government, started in 2016, to offer support to women and SC/ST entrepreneurs to start a new business. Under this scheme, eligible entrepreneurs can avail bank loans up to Rs. 1 crore for setting up a new business in the manufacturing, trading and services sector. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by women or people from the SC/ST community. Please do not confuse this with the Start-Up India scheme which is a different initiative by the Indian govt. to offer a host of tax benefits to enterprises that are recognised as start-ups.
What are the Eligibility Criteria for the Stand-up India Scheme?
The Stand-up India loan scheme is meant for encouraging people from the SC/ST category and women entrepreneurs to set up greenfield enterprises (new business) in the manufacturing, services or trading sector. In case of non-individual enterprises, at least 51% of the company stakes should be held by women or people in the SC/ST category. The applicant must be above 18 years of age.
What are the Features of the Stand-up India Scheme?
Some of the important features of the Stand-up India scheme have been mentioned here:
· Loan Amount: The minimum loan amount sanctioned by Indian banks for this scheme is Rs. 10 lakh while the maximum loan amount is Rs. 1 crore. The actual loan amount offered is decided by the bank on a case-to-case basis after carefully accessing the application
· Interest Rate: The interest rate applicable for this loan is decided by the bank offering the scheme. However, keeping with the Stand-up India guidelines, it cannot exceed the sum of 1-year Marginal Cost of Funds based Lending Rate (MCLR), a factor of 3% and Tenure Premium
· Repayment & Moratorium: The Stand-up India loans have a maximum repayment period of 84 months after the end of moratorium period. The maximum repayment holiday period offered for this loan scheme is 18 months
· Security Needed: These loans can be secured with collateral as prime security or Credit Guarantee Fund Scheme for Stand-up India Loans (CGFSIL) coverage. CGFSIL is a special scheme started by the Govt. of India to provide a guarantee to loans extended under the Stand-Up Loans scheme
· Borrower Contribution to Total Cost (Margin Money): The bank may take anywhere from 10% to 25% margin for these loans (Note: Margin money refers to the amount the borrower contributes to the overall amount required. The bank will cover the rest. So, if the total amount needed is Rs. 20 lakh, you will have to contribute 20% which comes to Rs. 4 lakh. The bank will provide the balance of Rs. 16 lakh.)
Which Indian Banks Offer Stand-up India Loans?
Indian Banks that offer Stand-up India loans are:
A Final Word
Now that you know about Stand-up India Loans, you might want to know more details about Stand-up India loan schemes offered by different Indian banks. Please visit our MSME Loans page for details.
Disclaimer: This article is for informational purposes only. All details provided here are correct as on the publishing date of this post. Please check with official sources before taking any investment or related decisions.
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Sensex rallies over 100 points led by gains in auto, banking stocks

Sensex rallies over 100 points led by gains in auto, banking stocks
Bharti Airtel gained 1% after the company’s losses narrowed on quarter.
Investors await the next bi-monthly policy statement, due on 6 February.

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Indian equity markets on Wednesday had opened little changed but soon rose nearly 0.4% led by gains in auto and banking stocks.
At 9.40am, the benchmark Sensex was up 0.4% or 174.50 points to 40963.88, while Nifty gained 0.41% or 49.5 points to 12029.10.
Most auto stocks gained at open, buoyed by the monthly sales data, which was in line with expectations. Tata Motors, Ashok Leyland, M&M, Apollo Tyres, Bajaj Auto gained 1-4%. TVS Motors gained 5%.
Among banking stocks, Axis Bank, Federal Bank, RBL Bank, Indusind Bank, SBI, HDFC Bank, Kotak rose 0.4-1.22%.
Index heavyweight Bharti Airtel gained 1% after the company reported narrowing of its losses quarter-on-quarter. For October-December, the telecom major reported a loss of ₹1,035 crore, less than the ₹23,145.60 crore loss posted in the September quarter.
Investors now await the next bi-monthly policy statement, due on 6 February, with the market keenly eyeing commentary on inflation and growth forecast. The RBI is widely expected to stand pat on rates, with the repo rate unchanged at 5.15% due to inflation trending higher, a Mint survey has found.
On Tuesday, the market had surged nearly 900 points largely because of fall in crude oil prices and improvement in manufacturing PMI data.
“We believe the budget has been a non-event and belied the lofty expectations. The government, however, has tried to balance growth concerns and fiscal prudence while providing relief to several segments e.g. tax relief for the middle-class and abolition of DDT. We believe the market’s focus should now revert to fundamentals, viz. corporate earnings growth and global cues around the spread of Coronavirus”, said Motilal Oswal Research in a report to its investors.
The Indian rupee had opened marginally higher at 71.21 against the US dollar, up from its previous close of 71.27. The 10-year bond yield was marginally up at 6.516% compared with its previous close of 6.505%.
Asian stocks were steady with positive bias, while overnight, the Nasdaq hit a record high and the S&P 500 had its best day in six months as fears of a significant economic impact from the coronavirus epidemic tapered off after China’s central bank intervened for the second straight day.
China injected 1.7 trillion yuan ($242.74 billion) via reverse repo on Monday and Tuesday, helping Chinese stocks recover some losses and lifting the world equity index .
The stimulus boosted investor sentiment even as several economists cut forecasts for 2020 global growth as the fast-spreading virus hampers business operations in the world’s second-largest economy.
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Indian Financial Sector

Public sector banks will embark on second round of 2-day bottom-up ideation exercise beginning Thursday for further streamlining the banking sector to help the nation become a USD 5 trillion economy in 5 years. The second leg of the month-long campaign will be inter-bank and will be held at state-level as per the direction of Department of Financial Services, Ministry of Finance. The first round was focussed at branch level and suggestions and ideas received from there will now be discussed at the state level from tomorrow, official sources said.
-Economic Times
Members of the RBI's Monetary Policy Committee at its rate review held on 7 August have agreed that supporting growth will remain their top priority in the midst of inflation remaining stable within the next 1 year, according to the minutes of the meeting released on today.
-Livemint
The Banks Board Bureau has invited applications for the post of MD & CEO in 4 leading PSBs — Bank of India, Bank of Baroda, Punjab National Bank and Canara Bank.
-Moneycontrol.com
The IL&FS had not disclosed any NPAs for the last 4 years, the RBI has said in a report. The report is based on inspection of IL&FS and IFIN and this has been conveyed by the new board of the IL&FS to the NCLT.
-Economic Times
SBI is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months, said its Chairman Rajnish Kumar today. The platform is secure and will eliminate the requirement of using debit cards, Kumar said.
-Business Line
BookMyForex.com, a marketplace for foreign exchange and remittances, has partnered with YES Bank to launch a co-branded multi-currency forex travel card for Indian overseas travellers. BookMyForex will offer zero margin or exact inter-bank rates 24x7 on forex card sales.
-Business Line
SEBI today provided more teeth to rating agencies by allowing them to obtain details of borrowings and defaults by companies. It also announced rewards for whistle blowers and approved changes in norms prohibiting insider trading.
-Economic Times
SBI Cards and Payment Services Pvt. Ltd, the credit card subsidiary of SBI, invited investment banks and lawyers to act as advisers for its proposed IPO.
-Moneycontrol.com
The finance ministry has initiated a review of India’s free trade agreement framework to assess the impact of such pacts on the overall economy. The view has been gaining ground among policymakers and industry that these free trade agreements (FTAs) brought little tangible benefit to India, while helping the partner country.
-Economic Times
IL&FS has informed NCLT that in contravention of a NCLAT order, banks have debited about Rs 759 crore in the last 8 months for repayment on their dues which amounts to coercive creditor action.
-Economic Times
Parle Products Pvt Ltd, a leading biscuit maker, might layoff up to 10,000 workers as slowing economic growth and falling demand in the rural heartland could cause production cuts, a Co executive said today.
-Business Line
The probe by the Enforcment Directorate in the money laundering case, involving former finance minister P Chidambaram, has been enlarged. It suspects his role in granting alleged illegal Foreign Investment Promotion Board clearances to at least four more business deals, apart from INX Media and Aircel-Maxis, and receiving multi-crore kickbacks through multiple shell firms, official sources said today. The CBI has issued a Look Out Circular P Chidambaram to prevent him from leaving the country, officials said.
-Business Line
USD/INR 71.55
SENSEX 37060.37(-267.64)
NIFTY50 10918.70 (-98.30)
 -#210819 
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Stocks to Watch: Jet Airways, MTNL, IIFL Securities, SBI, ONGC

Stocks to Watch: Jet Airways, MTNL, IIFL Securities, SBI, ONGC

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Jet Airways : Three potential buyers have joined the race to bid for collapsed Jet Airways (India) Ltd, which includes the Hinduja Group, Synergy Group controlled by 69-year-old Bolivia-born billionaire Germán Efromovich, and a Dubai-based fund, according to a Mint report. Lenders have stipulated that the bids have to come in by 15 January, and are unwilling to extend the deadline any more following repeated extensions.
MTNL : State-run telecom firm MTNL has started the process to monetise assets worth ₹23,000 crore as it aims to turn profitable in the next fiscal year, according to a PTI report. The company has identified the assets that can be monetised and has received interest from 14,387 employees for the voluntary retirement scheme (VRS). With the completion of asset monetisation and VRS, MTNL expects to turn profitable in the next fiscal.
IIFL Securities : Ace stock market investor Rakesh Jhunjhunwala bought 27.85 lakh shares of IIFL Securities on Thursday at an average price of ₹42.83 per share, according to BSE bulk deal data. The total value of the purchase is about ₹12 crore.
SBI and Union Bank of India : The country’s largest lender State Bank of India (SBI) and Union Bank of India are looking to sell their non-performing loans totalling ₹2,836 crore to banks, asset reconstruction companies and other financial institutions, according to a PTI rpeort. While SBI has put on sale ₹1,554.87 crore of three assets, state-run Union Bank of India has invited bids to sell 11 NPAs worth ₹1,280.87 crore.
Marico : Homegrown fast-moving consumer goods major, Marico Ltd., on Thursday said that a weak performance in its coconut and hair oils portfolio marginally dragged domestic volume growth during the third quarter, even as it witnessed a strong growth in its cooking oils and foods portfolio. Category growths across personal care remained under pressure, while foods and allied categories fared relatively better, the company said in a regulatory filing.
ONGC : State-owned Oil and Natural Gas Corporation (ONGC) on Thursday walked away with all the seven oil and gas blocks on offer in the latest bid round that saw just eight bids coming in. The latest licensing round for allowing companies to explore for oil and natural gas was held on revamped terms but saw only ONGC and Oil India Ltd participating in it. ONGC put in bids for all the seven blocks on offer, while OIL put in an offer for one block at the close of bidding on October 31, 2019.
HAL : State-run defence company Hindustan Aeronautics Ltd (HAL) and Wipro 3D, the metal additive manufacturing business of Wipro Infrastructure Engineering, on Thursday signed a memorandum of understanding (MoU) to design, develop, test, manufacture, and repair of aerospace components using metal additive technology.
Shriram Transport Finance : The company will hit the market with a Non-Convertible Debenture (NCD) issue on 6th Jan. The issue has a base size of ₹200 crore with the company retaining the option to keep up to ₹1,000 crore in case of oversubscription. The NCD will be offered at different interest rates depending on the tenor and interest payment frequencies. The highest rate for annual interest is 9.10% for a 7-year tenor.
Telecom stocks: The Telecom Regulatory Authourity of India (Trai) has floated a new consultation paper seeking views on net neutrality and traffic management practices used by telcos and Internet service providers. The move comes over two years after the Trai had recommended net neutrality rules that had backed an open internet.
Banking stocks : Banks’ credit and deposits grew by 7.1% and 10% to ₹99.47 lakh crore and ₹130.08 lakh crore in the fortnight ended December 20, according to the latest Reserve Bank data. In the year-ago fortnight, banks’ advances stood at ₹92.87 lakh crore, while deposits were at ₹118.16 lakh crore.
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Indian Financial Sector

RBI has stopped printing Rs 2,000 denomination notes in a bid to address concerns over money laundering and fake currency notes in circulation. According to an RTI reply by the RBI, The Bharatiya Reserve Bank Note Mudran Private LTD has not printed a single banknote of Rs 2,000 denomination in this financial year.
-Business Line
The RBI issued guidelines on ‘on tap’ authorisation of payment systems, including minimum networth criteria for different players, with an aim to encourage innovation and competition. In a circular, the RBI said it has been decided to offer on-tap authorisation for Bharat Bill Payment Operating Unit (BBPOU), Trade Receivables Discounting System (TReDS) and White Label ATMs (WLAs).
-Financial Express
Amid instances of deaths and also a suicide of depositors, troubled PMC Bank's administrator met RBI brass including Governor Shaktikanta Das today. "It was assured that the bank will make all efforts to safeguard the interests of depositors and other stakeholders," the statement from J B Bhoria, who was placed as the administrator last month by RBI, said.
-Economic Times
The Supreme Court, today, agreed to an urgent hearing on a plea seeking directions for interim protective measures for insuring around 15 lakh people whose money is blocked in the scam-hit PMC Bank.
-Business Line
Credit growth at Indian banks has dropped to its lowest level in nearly two years, the latest RBI data shows, as slowing domestic consumption weighs on demand. This adds to the challenges facing Central Government with India's economy at its weakest levels in six years.
-Economic Times
Banking operations could be hit on October 22 owing to the proposed strike by trade union organisations, Bank of Baroda said in a regulatory filing today. . The strike has been called by the AlBEA and the Bank Employees Federation of and BEFI for opposing the consolidation of 10 PSBs into 4.
-NDTV News
Bank of Baroda, today, said financial, administrative and other functions of its MD & CEO is to be looked after by respective executive directors till the appointment of new head. P S Jayakumar ceased to be the bank's MD & CEO with effect from October 12, 2019 upon expiry of his term.
-Economic Times
Federal Bank net profit in the second quarter of the fiscal shot up by over 56% to Rs 416.70 crore. Its net profit was ₹266.04 crore in the same period a year ago.
-Business Line
SBI has approached the Department of Financial Services, seeking its intervention to end the impasse over a resolution plan for home financier Dewan Housing Finance Corporation LTD, people with knowledge of the matter told.
-Economic Times
Indian Overseas Bankhas signed up with Magicbricks to e-auction 500 plus re-possessed properties worth more than Rs 800 crore. The e-auction will be carried out in two phases in October.
-Business Standard
Mastercard along with legendary cricketer Mahendra Singh Dhoni launched a nationwide initiative to accelerate the acceptance and adoption of digital payments. Titled 'Team Cashless India', the initiative brings consumers and merchants to the forefront of the digital payments dialogue.
-Business Line
There was a marked slowdown in commercial credit growth in the quarter ending June 2019 along with a marginal deterioration in asset quality, according to the seventh edition of TransUnion CIBIL-SIDBI MSME Pulse Report. The total on-balance sheet commercial lending exposure in India declined to ₹63.8 lakh crores in June 2019 from ₹65.5 lakh crores in March 2019. This slowdown comes to post a sustained quarter-on-quarter (QoQ) steady growth performance in the commercial credit segment over the last few years.
-Business Line
China will remove business restrictions for foreign banks, securities companies and fund management firms, a cabinet meeting chaired by premier Li Keqiang today said, according to state television.
-Economic Times
Trade negotiations between India and the US are going well and will conclude sooner than expected, Finance Minister Nirmala Sitharaman has said.
-Economic Times
Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the "worst phase" under the combination of former PM Manmohan Singh and RBI Governor Raghuram Rajan.
-Economic Times
Arundhati Bhattacharya, the past chairman of SBI, today, said there is a need to create a special cadre for compliance and risk management at every banks, given the issues lenders are facing and rued that unfortunately HR is the most neglected side of banking. The comments come at a time when banks' lending practices have been repeatedly put to question in many alleged scams, an increased attention from the regulator and investigating agencies and very high quantum of dud loans.
-Economic Times
India's fuel demand fell to its lowest in more than two years in September, data from the Petroleum Planning and Analysis Cell (PPAC) showed. Consumption of fuel, a proxy for oil demand, totaled 16.01 million tonnes - its lowest since July 2017 - down about 0.3% compared with the same month last year.
-Economic Times
USD/INR 71.43
Sensex 38598.99 (+92.9)
Nifty 11464(+35.7)
 -#161019 
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Indian Financial Sector

The RBI is on alert after the National Investigation Agency (NIA) found fake currency notes in circulation. Sources said that all measures have been put in place to detect use of fake notes after NIA shared information that fake notes we're being pumped in from Pakistan. “We are alert to the situation. We have a robust system in place for detecting fake notes," said a banking industry official.
-Business Line
The RBI governor Shaktikanta Das today met heads of PSBs and took stock of the current liquidity situation, particularly with regard to NBFCs, said the chief of a state-owned bank. The banker said that the governor also stressed on the need for quicker transmission and said that it is required to give a push to economic growth. According to the banker, the conversation with Das was centred around five broad themes of liquidity, credit offtake, small and medium businesses, stressed loans and transmission of rates.
-Livemint
The RBI asked banks to put in place a board-approved policy for making investment in Infrastructure investment trusts (InvITs). An InvIT is a collective investment scheme, which enables direct investment of money from individual and institutional investors in infrastructure projects and return out of their investment. Banks and insurance companies have not been investing in InvITs because of regulatory restrictions.
-Moneycontrol.com
Finance Minister Niramala Sitharaman defended the government’s policies after her husband Parakala Prabhakar attributing the economic slowdown to the Government policies. In the article, Prabhakar said the BJP should adopt the Rao-Singh economic model, which paved the way for liberalisation of the economy, instead of “critiquing the Nehruvian socialism”.
-Business Standard
The AIBEA has urged the Finance Minister Nirmala Sitharaman to expedite the appointments of employee representative directors in PSBs Boards. The posts of employee and officer representative directors have been vacant in all the banks for the past 5 years and the appointments have to be expedited to dispel the apprehension among bank employees that Government is avoiding to have the employee representative on the Board, C.H. Venkatachalam, General Secretary, AIBEA said in a letter to the Finance Minister.
-Business Line
ICICI Bank has launched a new Fixed Deposit (FD) scheme - FD Health. The scheme offers FD with a health benefit through a critical illness coverage. Customers will be offered a complimentary insurance cover of Rs 1 lakh.
-Business Line
Karnataka Bank today reported a 5.3% fall in net profit at Rs105.91 crore for the second quarter ended September of the current fiscal as bad loans increased marginally. The bank had posted a net profit of Rs111.86 crore in the corresponding July-September quarter of the previous fiscal ended March 2019.
-Livemint
SBI chairman Rajnish Kumar today said the Enforcement Directorate and other central law enforcement agencies should restrict to attaching personal assets while investigating a promoter and keep off the Co which is under the insolvency process.
-Economic Times
Andhra Bank will cut the MCLR by 10 basis points across tenors from today. The bank will decrease its MCLR and RLLR (repo-linked lending rate) from October 15 and November 1, respectively, it said in a regulatory filing.
-Moneycontrol.com
The Department of Post, through a circular on Monday, announced that it has launched mobile banking for its savings account customers. According to the circular, the facility will be available from October 15 for all the post office savings account holders of the CBS post offices.
-Economic Times
The IMF has reduced India's growth forecast for FY20 by 90 basis points to 6.1%, down from the 7% estimate in July. Meanwhile, the growth forecast for FY 21, which stood at 7.2% in July, was slashed by 20 bps to 7%. The downward revision in India's growth forecast by the IMF reflects a weaker-than-expected outlook for domestic demand.
-Moneycontrol.com
The negative core Wholesale Price Index (WPI) inflation and de-growth in the Index of Industrial Production (IIP) are a disturbing sign, causing serious concerns about the decelerating economy, according to SBI's economic research report ‘Ecowrap’.
-Business Line
Facebook officially moved forward with its plans on Monday to create a new digital currency called Libra. The Libra Association, the non-profit that will govern the currency, officially signed on 21 charter members on Monday at the organisation’s inaugural meeting in Geneva. Originally the Libra Association had 27 potential members, but several companies dropped out in recent days, including Visa, Mastercard and PayPal.
–Business Line
Wipro beat estimates to post a 35% increase in net income to Rs 2,556 crore during the second quarter of the current fiscal.
-Business Line
Former Union Minister P Chidambaram will be arrested by the Enforcement Directorate tomorrow after a special court in Delhi agreed to the agency's request for the custodial interrogation of Chidambaram who has been in Tihar jail since September 5 in the INX Media case.
-NDTV News
Countries negotiating the proposed Regional Comprehensive Economic Partnership (RCEP) have now decided on a final 10-day window to bilaterally sort out pending differences in the mega trade deal, after which the leaders of the 16 nations will step in. Beginning Monday, India has started talks with other nations on an “automatic trigger safeguard mechanism” that ensures higher tariffs will kick in once imports reach a threshold while also pushing to finalise the levels of tariff reduction it will allow for other RCEP members.
-Business Standard
India's trade deficit narrowed slightly to $10.86-billion in September from $14.95 billion a year ago, the trade ministry said in a statement today. This was largely achieved with the help of lower oil imports.
-Economic Times
LIC has further increased its dominance in India’s life insurance market with a 6% jump market share between April to September. The insurance giant’s share in the overall pie now stands at 72% in a market where several state-run life insurers are increasingly outdoing their private competitors in getting new businesses.
-Economic Times
Hit by a double blow of losing a job in Jet Airways and withdrawal restrictions in Punjab & Maharashtra Cooperative (PMC) Bank where he had kept his lifelong savings of ₹90 lakh, a stressed Mumbaikar, 51-year-old Sanjay Gulati, died of cardiac arrest on Monday.
-Livemint
In the wake of the scam at Punjab & Maharashtra Cooperative (PMC) Bank, the All-India Reserve Bank Employees Association today suggested ending the dual jurisdiction of urban cooperatives and bringing them under RBI jurisdiction. The union also said RBI should carry out onsite supervision of all cooperative banks instead of the present annual offsite supervision.
-Moneycontrol.com
USD/INR 71.53
Sensex 38506.09(+291.62)
Nifty 11428.3 (+87.15)
 -#151019 
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Indian Financial Sector

Unified Payments Interface (UPI) may soon be available in Singapore and UAE as NPCI looks to expand globally. NPCI is eyeing international markets and will launch a pilot project in 6-9 months, Dilip Asbe, CEO and MD, NPCI, told. However, the organisation will need to secure approval of the Governments of both India and the countries that it looks to expand to, Dilip Asbe added. UPI is one of the fastest adopted payments systems in the world.
-Financial Express
With a view to bringing in better regulation of core investment companies, a working group set up by the RBI has suggested that the number of layers of such firms in a group should be restricted to two. “As such, any CIC within a group shall not make an investment through more than a total of two layers of CICs, including itself,” the Working Group to review the regulatory and supervisory framework for CICs in its report has said as this would facilitate simplification and transparency of group structures.
-Business Line
Canara Bank's July-September quarter profit grew 21.8% year-on-year, driven by a decline in provisions and higher other income. Profit during the quarter increased to Rs 365 crore from Rs 299.5 crore in the corresponding period of the last fiscal. Net interest income in Q2FY20 fell 4.6% to Rs 3,130 crore compared to the same period last year, with loan growth of 4.8% YoY. Asset quality of the bank improved marginally with gross NPA as a percentage of gross advances falling 9bps QoQ to 8.68% and net NPA declining 20bps QoQ to 5.15% in Q2FY20.
-Moneycontrol.com
Corporation Bank registered a net profit of Rs 129.76 crore in the second quarter of 2019-20 as against a profit of Rs 103.01 crore in the corresponding period of 2018-19, recording a growth of 25.96%.
-Business Line
The RBI has imposed a monetary penalty of ₹5 crore on Gujarat-based Mehsana Urban Co-operative Bank for contravention of the directions issued by it on ‘Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Interested’, and non-compliance with the Master Directions on KYC.
-Business Line
IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice today with his old passport size photograph for default on payments worth Rs 1,566 crore in respect to Kingfisher Airlines. IDBI Bank NPA Management Group in Mumbai issued a public notice about wilful defaulter with the now defunct Kingfisher Airlines as the borrower and Vijay Mallya as the director and guarantor.
-Economic Times
Dewan Housing Finance Corporation (DHFL) has urged its 2 top lenders to help lift a moratorium on repayments so that the stressed mortgage lender could begin repaying its depositors. In letters to the SBI and Union Bank of India, DHFL has sought the lenders’ help to resume repayments to depositors, a process now on hold after a Bombay High Court order.
-Economic Times
Moody's Investors Service today placed YES Bank’s foreign currency issuer rating of ‘Ba3’ under review for downgrade, citing weak financial performance in the September quarter.
-Economic Times
In a setback to Nirav Modi, a UK court today rejected a new bail application of the fugitive diamond merchant, who is fighting extradition to India on charges of nearly USD 2 billion PNB fraud and money laundering case.
-Business Line
New Zealand’s Minister of State for Trade Damien O’Connor has said that his country would love to see India as part of the RCEP agreement and all fifteen countries had agreed to work with New Delhi to sort out its sensitivities before a final agreement is reached.
-Business Line
Fitch Solutions today raised India’s fiscal deficit forecast to 3.6% of the GDP for this fiscal year, from 3.4% previously, due to weak revenue collections resulting from sluggish economic growth and Government’s sweeping corporate tax rate cut.
-Business Line
Public-sector general insurance companies which are slated to be merged have urged the Government for fund infusion before the amalgamation. According to top officials of 2 public sector general insurance firms, the companies in their communication with the department of financial services have highlighted the need for immediate recapitalisation in order to maintain the regulatory solvency ratio and wipe out losses.
-Business Standard
Within days of Government approving a relief package for the ailing corporation, BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings of about Rs 7,000 crore in wage bill. BSNL Chairman and MD P K Purwar told PTI that the scheme will be open between Nov 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
-Economic Times
Union of IT and ITES Employees (UNITE) today said that it has submitted a memorandum to the Commissioner of Labour, Tamil Nadu regarding the recent announcements by IT firms on reduction of workforce. In a statement, UNITE said that Indian IT majors Cognizant, Infosys, and Capgemini have announced mass retrenchments in the name of “2020 fit for growth plan”, “role rationalisation” and “restructuring”. “This act of the IT majors is against the law of the land and it is illegal. But the government of India and Tamil Nadu are indifferent to these practices,” it added.
-The Hindu
USD/INR 70.98
Sensex 40469.78 (+221.55)
Nifty 11966.05 (+48.85)
 -#061119 
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Indian Financial Sector

The fate of Jet Airways (India) Ltd remained uncertain with no revival plan or interim funding in sight. Today, Jet Airways lenders, led by SBI, met financial services secretary Rajeev Kumar amid reports of a temporary shutdown. -Livemint
Canara Bank is the first public sector bank to shift to EMV chip and PIN for card present transactions across the country's vast ATM network. The EMV shift, as in other major global markets, is aimed at reducing lost and stolen card fraud and making counterfeit card fraud more difficult. The RBI had set a deadline of Dec 31, 2018 for the switch, mandating use of an embedded chip to replace the traditional magnetic stripe card. -Moneycontrol.com
Punjab National Bank today said it has appointed Rajesh Kumar Yaduvanshi as the Executive Director of the bank with effect from April 15. -Economic Times
The NRIs living in nearly 40 countries will now be able to open account in IDBI Bank without submitting paper documents, the bank said. IDBI Bank has launched 'NRI-Insta-Online' account opening process for NRIs residing in Financial Action Task Force (FATF) member countries, it said in a release. The person will not be required to furnish physical documents as well as KYC proofs for opening an account with the bank. -Economic Times . Lakshmi Vilas Bank today said it plans to allot nearly 5% equity shares on a preferential basis to Indiabulls Housing Finance Ltd. -Business Line
Citigroup Inc reported a 2% rise in quarterly earnings, as investment banking revenue surged and net interest margin expanded. -Business Line
Naresh Goyal, founder of Jet Airways has withdrawn from the race to bid for retaking control of the ailing airline. According to sources, Goyal has exited the process ase the lenders were not keen to go ahead with his application. -Business Line
TCS is working with Israel’s finance ministry to build platforms that will make technology affordable for small banks in the country, a Co executive told. -Evonomic Times
The US Exim Bank has recalled all loans extended to Jet Airways for buying Boeing aircraft and is likely to take the possession of these aircraft, thus, taking away all the long-haul Boeing 777 aircraft that the airline owns. Sources said that the amount of loan is about Rs 2,000 crore and the Bank is soon going to initiate the process of possessing the aircraft. -Economic Times
India’s third largest IT firm Wipro today reported a 37.74% year-on-year (YoY) rise in March quarter consolidated profit at Rs 2,483 crore. The profit attributable to equity holders of the Co stood at Rs 1,803 crore last year. -Economic Times
Nifty50 today rallied for a fourth straight session to hit an all-time closing high of 11,787.15. With this, the index broke above its consolidation zone of 11,550-11,761 it was trading in the past two weeks. -Economic Times
USD/INR 69.59 SENSEX 39275.64(+369.80) NIFTY50 11787.15 (+96.80)
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Nifty likely to trade in 11,600-11,900 till Budget

NEW DELHI: There could be some consolidation going ahead, but the trend is likely to remain strong till the time 11,600 is not breached by the Nifty, according to technical analysts. Stocks like Tata MotorsNSE 1.14 %, MajescoNSE 1.12 %, Canara BankNSE -0.23 %, HDFC LifeNSE 1.83 %, SBI, Bajaj FinservNSE 0.46 % and Info Edge are likely to move up as per the charts.

Where are We? The expiry week remained marginally in favour of bulls since the benchmark indices ended the ..

What is in Store? At this juncture, the Nifty has formed an intermediate swing high of 11,911. Also, the daily chart of Bank Nifty depicts a ‘Shooting Star’ candlestick pattern which is a reversal one and that too exactly at 78.6 per cent Fibonacci retracement level of the previous move. Thus, there could be some consolidation or profit booking going ahead. But the trend is likely to remain strong till the time 11,600 is not breached by the Nifty. On the downside, the index has ..

Nifty likely to trade in 11,600-11,900 till Budget
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Bitcoin 2017 a Comprehensive Timeline

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SEBI New Margin Rules for Trading Shares and FNO in Hindi  Intraday Leverage  Delivery Leverage LATEST MARKET NEWS  SEBI Margin Circular  Intraday Trading How to trade in future derivatives in SBISMART - YouTube Check Your Profit And Loss in Sbi Smart Trading Intraday trading in SBISMART

SBI Smart Intraday Trading – Benefits, Process, Charges, Margin & more February 6, 2020 Top10StockBroker SBICap Securities was founded in the year 2006 as the broking division of the SBI Capital Market Ltd. from where it started its journey. Mumbai: The Association of National Exchanges Members of India has requested the market regulator The Securities and Exchange Board of India to grant them one more month to implement the new system of margin pledge and repledge process including penalties provision.“ANMI submits that the MPR process is yet incomplete,” the industry body said in a submission to Sebi, a copy of which was SBI Smart enables you to design your own interface for trading and investments. Select and see data, news and views that you want for your trading and investments! SBISmart Margin Calculator here is basically a quick tool for you to have a look at the margin values offered by SBI Securities across trading segments for its clients. These margin values vary on a regular basis and that is why it becomes super-important for you to have a look before you indulge yourself into margin trading.. We will be having a quick look at all the margin values this Whereas in 10% margin trading, with capital of Rs.2,00,000 you purchase 10,000 SBI shares in future market. Suppose in near term SBI stock price rise with Rs.10, then in cash market you will earn profit of Rs.10,000 (1000 Shares * Rs.10).

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SEBI New Margin Rules for Trading Shares and FNO in Hindi Intraday Leverage Delivery Leverage

This is an informative video regarding the sebi's new intraday margin rule , Sebi has recently sent a revised circular regarding the intraday Margin requirements to the exchanges . Are you aware of the new circular issued by SEBI that can impact your trading specifically in Intrading trading? Listen to our recent video and hear what is the new change in the margin regulated ... ₹ 2000/- हर दिन Intraday Trading से कैसे earn करें Best Intraday Trading Strategy for Beginners - Duration: 17:47. SUPER TRADER LAKSHYA 214,977 views 17:47 How to Buy or Sell Shares on SBI Smart - Duration: 11:26. Make Life Eazy 67,378 views. 11:26. Extra 6 % return Collateral Margin best way to use you trading money and shares in your account ... Explains the SEBI circular and the new margin requirement for f&o (futures and options) trades. With this new sebi margin rules, margin required for Risk defined Option strategy reduces by 70% ...

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